Google has announced a major overhaul - the launch of their new parent company, Alphabet Inc. The new structure makes Google Inc. a holding company in an effort to provide more transparency to its investors and flexibility for its research endeavors. Thus, "G" will now stand for Google. The rest of the Alphabet will be a collection of companies that has yet to be entirely unveiled.
Calico, Fiber, Nest Labs, Wings, and Google X will all be part of the Alphabet, as well as a new urban innovation company known as Sidewalk Labs.